Trafford Centre
This coverage explores the Trafford Centre’s significance within the UK retail landscape, with reporting on store openings and closures, leasing activity, redevelopment projects, consumer trends, and marketing strategies. Designed for professionals managing retail operations, property planning, and strategic decision-making in high-profile shopping destinations.
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Sep- 2021 -2 SeptemberHealth & Beauty
Boots to launch 30 high street beauty halls
Boots has announced the launch of 30 new beauty halls across its UK sites as the group aims to expand its high street beauty offering. The latest additions are set to be introduced as smaller versions of the current 60 Boots beauty halls across its flagship shops such as Covent…
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Apr- 2021 -30 AprilClothing & Shoes
Gym+Coffee welcomes One Direction backer
Irish-based athleisure brand Gym+Coffee has announced that One Direction’s Niall Horan has become an investor in the group. As a shareholder, Horan aims to support the business while raising the profile of the brand internationally. Founded in 2017, Gym+Coffee expanded its store portfolio in 2020 with the opening of a…
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Mar- 2021 -30 MarchLuxury Goods
Watches of Switzerland signs lease for new Trafford Centre store
The Watches of Switzerland Group has announced it has signed a new 10-year lease with The Trafford Centre, for a flagship store in a new location, which is expected to open in the summer. The retailer will relocate its Goldsmiths store to The Trafford Centre’s Main Dome on the upper…
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Jul- 2020 -16 JulyComment
Intu the unknown: The future of the shopping centre
Saddled with unsustainable levels of debt and lacking rental income over the past two quarters due to Covid-19 restrictions, Intu finally announced its move into administration earlier this month. The shopping centre giant’s collapse left thousands of shops and livelihoods on the line and it represented a pivotal moment for…
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2 JulyClothing & Shoes
Primark welcomes ‘encouraging’ trade after sales slump
Primark sales plunged by 75% to £582m in its third quarter of trading, while its year-to-date sales fell by 27% to £4.3bn. Its parent company, Associated British Foods (ABF), now estimates that its adjusted operating profit will fall between £300m and 350m for the full year, compared to the £913m…
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Jun- 2020 -29 JuneNews
Investors push for Trafford Centre sale
A Canadian investor is reportedly pushing for the sale of Intu’s Trafford Centre following Intu’s collapse, the Sunday Times has reported. The reports come only days after Intu collapsed into administration on Friday 26 June. Following the administration, control of Intu’s 17 shopping centres will be passed to their respective…
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Mar- 2020 -26 MarchCoronavirus
Intu receives only third of rent
Intu revealed that it has received only 29% of its second quarter rent that was due from tenants on 25 March. For the same period last year, it had received 77% on the quarter day, and the group is now in discussions with its customers regarding the outstanding rents. In…
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4 MarchShopping Centres
Intu abandons £1bn equity raise plans
Intu revealed it has abandoned plans to raise between £1bn and £1.5bn in emergency cash, citing “current uncertainty” in the equity markets. The retail property group had previously announced it was reviewing a “range” of options to fix its balance sheet and establish a “more appropriate” long-term capital structure. In…
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Jan- 2020 -20 JanuaryProperty
Intu seeks £1bn of emergency funds
Intu has announced it will seek to raise equity in its efforts to fix its balance sheet. The commercial real estate giant said it was a “number one priority” to make progress in its strategy to fix the balance sheet, which included targeting an equity raise alongside its full year…
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Dec- 2019 -20 DecemberShopping Centres
Westfield named best shopping centre in the UK
Westfield London and Westfield Stratford has been named the best shopping centres in the UK, for the second year running. According to GlobalData’s Top 50 Shopping Centres Report for 2019, Bluewater in Greenhithe, Kent was ranked in third place, followed by Intu Trafford Centre in Manchester. Intu Lakeside, Sheffield’s Meadowhall…
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